Oslo, 1 February 2016 - Reference is made to the previously published stock exchange notice dated 1 February regarding the agreement to sell Western Bulk Chartering AS including all subsidiaries (the 'Western Bulk Chartering Group') to a wholly owned subsidiary of Kistefos AS.

Kistefos AS has informed Western Bulk ASA that it intends to offer the existing shareholders of Western Bulk ASA to acquire a pro rata portion of the Western Bulk Chartering Group.

Further information about this offer, including information as to the record date, will be communicated in due course.

For more information, please contact:
Jens Ismar, Chief Executive Officer
Tel: +47 9009 0897
E-mail: jens.ismar@westernbulk.com

Håvard Furu, Chief Financial Officer
Tel: +47 9912 3443
E-mail: havard.furu@westernbulk.com

Attachment

Bulk Invest ASA issued this content on 01 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 February 2016 14:29:28 UTC

Original Document: http://www.westernbulk.com/release?xml=http://cws.huginonline.com/B/158865/PR/201602/1982656.xml